June 20, 2021

Is the good news good news?


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Sorry for the pun with which I begin, but there is a lot of, so to speak, nonsense in this market business. Many more or less clever people talking about the same thing and having to write reports or recommendations practically daily interpreting the reality that surrounds us, sometimes leads to things being too complicated looking three feet to the cat. The debate today is not whether or not there will be a recovery – it is beyond any doubt – but whether this recovery is stronger than expected and translates into inflation. What are central banks going to do? They can, as it seems so far, maintain the rate and live a more or less long period with inflation above

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